We recently conducted our annual Spend Management Priorities and Challenges survey, where over 225 companies weighed in on their approaches to maximize savings and profits and mitigate risk in today’s struggling economy. The objective is to understand what companies are doing today to maximize savings and impact profits NOW and also what separates the [...]

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We recently stirred up some interesting debate over risks and legal contracts, specifically regarding balancing risk and whether or not companies are actually protecting against the right kind of risk (or introducing risk and losing opportunities in the process). But we truly touched a nerve with a post quoting a presentation where a procurement leader [...]

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In Part 1, we covered critical steps in the risk assessment process and guidelines for contingency planning. So now let’s move on to the ongoing, day-to-day process and approach that will help reduce risk AND prepare you for the inevitable challenges that arise in a global supply chain.
Manage your Suppliers. Managing a global supply base [...]

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I hate to add yet another risk to the long list you are already monitoring, but as Hurricane Andres reminded us this week (albeit quietly in the Pacific rather than in the Atlantic), hurricane season is upon us. The good news is, the ‘09 hurricane season is expected to be at or below average. But [...]

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In the current market, it isn’t a question of if your suppliers may be at risk of failing. It’s a matter of which suppliers will fail and when? We all know the risks posed by the recession - bankruptcies are up (+75% in ‘08 & projected rise of 35% in ‘09), credit is hard to [...]

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